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Analiza ZF · Economic

Romanian Leu Opens Stronger Vs Euro, In Quiet Mkt

The Romanian leu opened Wednesday with a strengthening trend against the euro, on low traded volumes, while activity was reduced in the market.

de Andrei Cîrchelan , Translator RO-EN 21.12.2011 · 10:48 1 min de citit

The leu opened at 4.312/4.314 against the euro, compared to 4.316/4.317 at closing the day before.

Within the first hour, the leu continued to strengthen and, at around 10:20 local time (GMT0820), it was trading at 4.309/4.31 to the euro.

The central bank set Tuesday the leu’s reference at 4.3125 per euro, a new record high in the past two months. Against the US dollar, the leu’s indicative won 0.53% on the day to 3.2953 units.

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